No Deduction for Expenses Paid with Forgiven PPP Loans
On November 18, 2020, the IRS and Treasury Department released much-anticipated new guidance (Revenue Ruling 2020-27 and Revenue Procedure 2020-51), that indicates there will be no deduction for expenses paid with proceeds from a loan that is forgiven under the SBA’s Paycheck Protection Program (PPP). The PPP loan program was passed as part of the […]
Cash Is Still King
We’ve all heard the expression “cash is king,” but never has this saying been truer than it is today. Cash (or rather, cash flow) is critical to the long-term health of a business if it is to survive the Covid-19 pandemic. Leadership’s primary responsibility in this environment is to keep cash—the lifeblood of a company—freely […]
Smart Business Podcast: Talent development and supply chain management issues
Dave Mills, CSH’s vice president of strategic accounts, recently offered his insight to Smart Business on talent development and supply chain management issues resulting from the Covid-19 pandemic.
Supply Chains Need Resilience to Keep Up
Covid-19 caused massive disruption to global supply chains. This isn’t the first time businesses have experienced disruption and it won’t be the last. How can you ensure your supply chain not only remains strong now, but is resilient and adaptable to change in the future? Take a Fresh Look at Your Business For the past […]
Tax Alert: Ohio Small Business Relief Grant and Other Covid-19 Funding Opportunities
On Monday, the Ohio State Controlling Board approved a package of more than $419.5 million in CARES Act funding to help Ohioans impacted financially by the pandemic. The package includes: $125 million for small businesses (25 or fewer employees) $100 million for higher education $62 million for rural and critical access hospitals $50 million for […]
Podcast: Highlights from the Global Supply Chain and Covid-19 Webinar
Clark Schaefer Hackett · Highlights: Global Supply Chain Lessons Learned from Covid-19 Want to hear the entire webinar? Listen Now Listen Now Webinar Panelists: Mike Rusconi Vice President and Co-owner at SenSource Global Sourcing Jim Wainscott Lead Director, Parker Hannifin Corporation; Board Member, CSX Corporation; former Chairman, President & CEO, AK Steel John Lammers Vice […]
Are your employees working remotely with outdated technology?
Modernizing your remote workforce capabilities is a priority that your business cannot afford to ignore. By modernizing your systems, your business is better equipped to accommodate increased bandwidth usage, which enables employees to be agile so they can see around corners to challenges that lie ahead. Modernization also includes the adoption of new policies and […]
SBA Simplifies PPP Loan Forgiveness for Small Borrowers
On October 8, the Small Business Administration and the Treasury Department introduced a simplified loan-forgiveness application (Form 3508S) for Paycheck Protection Program (PPP) loans of $50,000 or less. Detailed in a new interim final rule (IFR), the updated guidance is welcome news for many small businesses (and lenders) as it seeks to ease the burden […]
SBA Provides Clarification on PPP Borrower M&A Transactions
On October 2, 2020, the Small Business Administration (SBA) published SBA Procedural Notice (5000-20057), providing clarifying guidance concerning the required procedures for changes of ownership of an entity that received Paycheck Protection Program (PPP) funds. Under the old guidance, PPP lenders were required to obtain SBA “prior approval” before a change of ownership could take […]
Regulatory and Accounting Update for Community Banks
Please note: CPE is not available for this webinar on demand. CPE is only available for live events. Join CSH’s David Klopfer and Katie Schnieber as they provide an update on some of the most important regulatory and accounting issues impacting the region’s community banks and savings institutions. Topics will include: PPP accounting PPP forgiveness […]